The creative industry is recognized as one of the most important sectors of the economy, relying on intellectual potential and creating high added value. The law adopted on July 7, 2026, titled 'On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan on the Development of the Creative Economy,' plays a key role in the further development of this sphere, improving its legal framework, and supporting creative businesses.
Overview of the New Law's Provisions
Fazliddin O'ktamov, Head of the Department of Economy and Finance, told UzA correspondent that the legal basis for developing the creative economy in the country has been further improved. Law No. URQ-1157 of July 7, 2026, opens up new opportunities for entrepreneurs, creative workers, and investors operating in the creative industry.
The main goal of this legislative act is to ensure the sustainable growth of the creative industry, create more favorable conditions for industry subjects, expand stimulation mechanisms, and transform creative ideas into economic value. Furthermore, the law promotes international cooperation and enhances the country's competitiveness in the field of the creative economy.
Changes in Legislation
The law introduced significant amendments and additions to the Tax Code, as well as to the laws 'On Public Procurement' and 'On the Creative Economy.' These amendments are aimed at supporting creative businesses, attracting new participants, and forming a more favorable legal environment for international interaction.
Tax Incentives for Foreign Partners
One of the most significant innovations was the introduction of tax incentives for foreign contractors participating in creative projects. According to the law, from January 1, 2026, to January 1, 2030, foreign contractors engaged in implementing projects carried out by residents of the Fund for the Development of Culture and Arts under the Administration of the President of the Republic of Uzbekistan and the Creative Industry Park are exempt from VAT, profit tax withheld at source, and personal income tax.
These incentives apply when foreign specialists are hired to perform work or provide services directly related to creative projects. This allows for a reduction in costs associated with attracting highly qualified specialists and international experience to creative projects.
Support for New Entities
Another important aspect of the law concerns the support for newly established entities in the creative industry. Previously, it was required that an entity's income from creative activities constituted at least 80% of its total annual income to receive the status of a resident of the Creative Industry Park. Now, this requirement is temporarily not applied when admitting new or recently registered entities to the park.
This gives new creative enterprises the opportunity to benefit from incentives during the initial stage of operation and facilitates their entry into the market. However, the law maintains financial discipline: if the established requirements are not met by the end of the fiscal year, the used benefits are subject to recalculation and recovery into the budget in accordance with current tax legislation.
Changes in Public Procurement
An important amendment was also made to the 'On Public Procurement' law. Now, public procurement related to the organization and holding of international and interstate events in the field of culture and art can be conducted directly based on contracts. This simplifies and accelerates the organization of international festivals, forums, exhibitions, and other cultural events.
Overall, the new law aims to create a more favorable legal environment for the creative industry. It opens up opportunities for expanding international cooperation, attracting foreign specialists and services, supporting new creative enterprises, increasing the economic value of creative products and services, and strengthening Uzbekistan's authority on the world cultural stage.
It is emphasized, however, that the effective use of incentives and concessions requires market participants to comply with established requirements, ensure transparent accounting, and maintain financial discipline. These changes represent an important legal step towards the sustainable development of the creative economy, the support of innovative ideas, and the formation of a modern creative ecosystem in the country.